Small charities and auto-enrolment: do you have everything in place?

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November 8, 2016 at 16:09

The Pensions Regulator provides CFG monthly auto-enrolment updates. These blogs provide the latest guidance and messages from the regulator adapted by CFG for the charity sector. This month we are looking at: making sure you comply with your duties on time; making sure payroll software is compatible; your duties to temporary staff.

EU Referendum: What could this mean for charities?

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June 6, 2016 at 17:10

As the 23rd June appears closer and closer this Europe’s Final Countdown song has never felt more relevant as the UK public decides whether they will be voting to remain or leave European Union (EU).

Is the SORP FRS 102 working for you?

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May 5, 2016 at 17:46

On the 4th May the Charity Commission for England and Wales and the Office of the Scottish Charity Regulator (OSCR) published a research consultation on charities Statement of Recommended Practice (SORP) FRS 102.

What do we do with a problem like LGPS?

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August 5, 2015 at 09:58

The Local Government Pensions Scheme (LGPS) has received some welcome attention in review of the scheme’s deficit management carried out by PWC. CFG believes that Direct Benefit schemes are a “ticking time bomb” for the charity sector and the LGPS certainly adds to the problem. The latest figures show that the number of members paying into the scheme has stagnated at around 1.6 million people. At the same time, the proportion of LGPS members claiming their pensions now, or are no longer paying into the scheme but are eligible for payments the future, has increased from 58% in 2009/10 to […]

What’s the latest data on charity sector income and expenditure?

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June 10, 2015 at 10:26

The UK Civil Society Almanac 2015 is here and as ever provides a wealth of valuable data. I’ve had a read through and drawn out what I think are some of the key findings for people interested in charity finance.

Section 75 debt reform – an opportunity we cannot afford to miss

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May 26, 2015 at 15:59

Last Friday saw the close of the Department for Work and Pension’s call for evidence on (the catchily titled) Section 75 Employer Debt in Non-Associated Multi-Employer Defined Benefit Schemes. I assume that most readers of this blog know what non-associated multi-employer defined benefit schemes are but for the uninitiated, these are scheme including more than one employer that are unrelated (i.e. are not owned in common or under common control) where employees are promised a specific monthly payment on retirement. What is the problem? Like all employers, many charities have seen their defined benefit schemes go from surplus to substantial […]

Pension charges: Is transparency enough?

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December 2, 2013 at 20:21

‘Hands off our pensions’ they cried… WHICH Campaign ‘Don’t dumb down pensions’ she qualified… Ross Altman BBC Today Program ‘Don’t mess with our free markets’… Various industry bodies Amongst these battle-cries, where does CFG stand on governments recent ‘fairer workplace pensions: a consultation on charging’? First off, why is it important? There are approximately 25000 charity employers, 22000 of whom are small employers who must comply with auto-enrolment legislation from 2015 onwards. We have been working to support the sector through this new legislation as it threatens to prove costly for many employers who have limited experience of pension schemes. This […]

How are charities faring with auto-enrolment

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November 14, 2013 at 13:04

By the end of this year, almost 215 of the largest charities will have complied with the duty to auto-enrolled their employees. Another 25,000 will do so by 2018.  We’ve spoken to some of both groups to understand more about the sector’s experiences and readiness and to pull together some top tips. A key message in a recent DWP review of organisations that have already complied was to avail of opportunities to learn from others.  Our ‘how-to’ guide will help charities to do just that and walk you through the key steps.  So, what are the key lessons CFG are […]

We’re all in! Are you?

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November 12, 2013 at 10:52

‘In what?’ I hear you ask. No, I’m not referring to being in CFG’s new offices, what I mean is ‘in a pension scheme’ of course. Technically, at CFG we’re not all in yet but we will be in the next couple of years. Karren Brady happily tells us that she’ll be in too, as will a rapper named Rochelle, millions of workers and most of the 800,000 staff working for charities. So, in advance of us launching a new guide for charity employers on how to make sure they get everyone ‘in’ (look out for it this Wednesday), I […]

Why recruitment from the private sector may be increasing in charity finance teams

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June 4, 2013 at 14:43

Charity Finance Group’s latest People and Pay Survey (formerly Salary Survey) showed a significant increase in recruitment from the private sector into charity finance teams, but what are the drivers behind this trend, for both employees and charities, and what might it suggest to us about wider changes in the sector? Let’s begin with the numbers. 338 CFG member charities participated in the People and Pay survey this year, and 41% of these recruited someone to their finance department in 2012. Of these, 59% reported having recruited someone from the private sector, compared to just 32% reported in last year’s […]